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CBS
Dec 5, 2012 5:00pm EST
enough. all will be affected if we allow the fiscal cliff to happen. >> reporter: taxes and cuts bring governor o'malley and a bipartisan group of governors to washington to offer their thoughts on the fiscal cliff, urging republicans and democrats to work together to avoid automatic increases and spending cuts set for the end of the year. in baltimore, a group of demonstrators outside the social security office made their feelings known, urging a resolution that does not include cuts in social security jobs and services. >> we're concerned about the cuts in social security. and we would like to see them change. and we don't want to see our public hurt in any way. we want to serve public every day. >> you don't take money out of people's hands when you're trying to promote jobs. >> this is not a crime to cut back. >> for maryland, there's more than associate security cuts at stake. overall, maryland has 300,000 direct jobs and another 230,000 contracting jobs supported by the federal government. >> maryland has the fourth highest number of go
CBS
Dec 5, 2012 4:00pm EST
. >> reporter: stocks rallied as corporate news overshadowed concerns about the fiscal cliff. citigroup plans to cut 11,000 jobs as the bank's new ceo looks to save money. the cuts amount to about 4% of siti's -- sity's -- citi's work group. and it includes closing some branches. u.s. companies added fewer workers in november. bartly because super storm sandy shut down many businesses. including factories and retailers. they will get a better picture of the job market friday. shares of apple fell as much as 4% after a research firm raised its outlook of sales for tablet computers, pointing to strong demand from ipad rivals, from amazon, google and samsung. >>> and nokia's stock rallied,a -- after they launched a new version of the smart phone for the chinese market. >>> and another starbucks may be opening near you. the world's biggest coffee chain plans to add 150 stores over the u.s. over the next five years bringing the total number of starbucks to 20,000 by 2014. that's your money watch. for more, head to cbsmoneywatch.com. in new york, i'm alex
CBS
Dec 6, 2012 5:00pm EST
spending cuts. >> you can learn more any time at www.wusa9.com and on 9 news. this has been a 9 news fiscal cliff note. >>> as we've been telling you here on 9 news, if an agreement cannot be reached by the 1st of the year, the cuts will have an enormous impact on houses, businesses and you name it and put a huge dent into medical research and drug development, possibly for years to come. automatic federal budget cuts means funding for the national institutes of health will be down and also funding for the fda. i spoke with a local family dealing with childhood cancer about how these cuts can make a delicate situation even worse. >> when i was first diagnosed, that's one of the few moments where i will say that i did cry. >> five yearsing that moment changed joan norris' life forever. the 14-year-old from kensington has leukemia, the most common form of cancer in children and teen-agers. it starts in the bone marrow and affects the blood cells. many family like the norriss wait and hope for each medical -- norris family wait and hope for each medical advance. >> the research over the last
MSNBC
Dec 5, 2012 12:00pm PST
bank. your money needs an ally. >>> fiscal cliff, the thing we are trying to avoid, had $1.2 trillion in cuts but half are to defense. this has $1.2 trillion in cuts but they're just saying make the whole thing cuts to entitlements in domestic spending and not cut defense at all? trying to entice the democrats saying, i don't want you to fall off this cliff so why don't you voluntarily jump off this steeper cliff but don't worry, your fall will be cushioned by lava. >> that is jon stewart's take on the gop's fiscal cliff offer. he's right. we are better off stumbling down the slope like drunken fools than the republican offer out there. here to explain that and why a huge part of the talks making major changes to medicare may be totally unnecessary is jonathan cohn and joins us now. jon, i think that's a good place to start is this. itรง seems like all of the discussions about medicare, in relation to the fiscal cliff or in general seems to have an ajumpgs a assumption it's a big program and in dire need for cutting and reform but there's a basic myth at work there of the efficiency
CBS
Dec 6, 2012 4:00am PST
's what they hear after the obama administration is ready to go over the fiscal cliff if the gop doesn't bid on higher taxes. on top earners. a just released poll shows nearly half of those ads say it's time to end tax cuts for the wealthy but keep it in place for americans earning $250,000 or less. 32% say the tax cuts should remain in place for everyone. during a broadcast interview yesterday timothy geithner was asked what if republican don't agree to raising taxes. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, we say there's no prospect for an agreement that doesn't involve those tax rates going up. remember, it's 2%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility that some serious talks could star
CNN
Dec 6, 2012 1:00pm PST
days away from the so-called fiscal cliff. drastic cuts that some feel will plow us back into a recession. >> only negotiations between the republicans and the white house have stop it. president obama tried to step up the pressure on republicans, visiting a family in northern virginia whose taxes would go up by some $4,000 a year if an agreement isn't reached. >> they're keeping it together. they're working hard. they're meeting their responsibilities. for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> the president also met with new jersey's governor chris christie over at the white house. the republican governor was here in washington to talk about hurricane sandy relief efforts, and now they're in danger of going over the fiscal cliff with the rest of the country at the end of the month. our national political correspondent jim acosta has been covering this story for us. what's the latest with chris christie in washington. >> reporter: t
CBS
Dec 6, 2012 5:00pm EST
the fiscal cliff. >> reporter: lawmakers are getting an earful about why they need to avoid the so- called fiscal cliff. >> you gotta nail this down. uncertainty is killing us. >> reporter: top comiftds -- economists came to capitol hill thursday to talk about the impact of tax increases ask government spending cuts on the middle class. >> a couple thousand dollars means a couple months rent for this family. >> reporter: the white house has made clear, the country could go or the cliff -- over the cliff, if republicans refuse to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily, because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes and eliminate tax breaks to raise money but insist that bush-era tax cuts must be extended for all americans. >> reporter: the standoff and the country's skyrocketing debt concerns ryan shenecki. so much so that he's the guy in the can suit
CNN
Dec 5, 2012 1:00pm PST
increases and spending cuts that people here in washington call the fiscal cliff. most house members are going home today with only 27 days to make a deal. two house leaders who are not going home are with me in the situation room. they're working very hard to avoid the fiscal cliff. thanks so much for coming in. for so long, republicans wanted to extend the bush tax cuts forever, now for 98% of the american people, the democrats are saying, we're ready. we've given up, we'll let you have those bush tax cuts for as long as possible. let's just resolve that, we'll move on to some of the tougher issues later. let's make sure that 98% of the american families have these lower tax rates into next year. why not give that? >> the debate over those top two pshsz, is really a strong man debate. what we need is tax reform in america. we need a simpler less complicated tax code. >> i agree with you. we need a tax reform. why not resolve this one issue, make sure taxes don't increase for 98% of the americans, 100% of americans for their first $250,000 a year. let them have that, and then move o
CNN
Dec 3, 2012 1:00pm PST
cliff. the across-the-board spending cuts and sharp tax increases that hit in just 29 days. let's get straight to our senior congressional correspondent dana bash. she's watching what's going on. dana, the tax rates, first of all, let's get to a major sticking point right now. there's been a counterproposal from house republicans to the white house. you have details. >> reporter: that's right. let's start exactly where you just began on those tax rates because that has become the big divide between the two sides. the answer is the house republicans are not budging. they still want to continue the bush era tax rates at all income levels. let's get specific. first of all, the counterproposal, they say they would get about $800 billion in savings from what they call tax reform, from deductions and closing loopholes, things like that. but the bush era tax rates, all of them would remain, even for the wealthiest. to show you the difference, compared to the white house offer that they got last week, $1.6 trillion in savings when it comes to tax revenue. but much of that came from raising ta
CNN
Dec 5, 2012 4:00am PST
of a deal now and that will keep us from going over the fiscal cliff. then let the tax cuts expire for the wealthy january 1st. it happens. then you can do some kind of negotiation. and that keeps us from going over the fiscal cliff. it's going to happen anyway, right? >> this is the very kind of shell game they run in washington. if you'll just give me my tax increases today, i surely will give you your spending restraint tomorrow. >> but you have no leverage in the debate. >> we never see these spending reductions materialize. that's the problem. we're borrowing roughly 40 cents on the dollar, much of it from the chinese, sending the bill to our children and grandchildren. that's unwise and unsustainable. frankly, i think it's immoral. and what you're saying is that republicans ought to agree, and somehow vote for a big proposed tax increase in hopes that in decade decades to come that this president will do something about spending. >> no, i didn't say that. what i said was why not -- why don't republicans and democrats vote for a tax -- to keep the taxes lower for middle class
FOX
Dec 6, 2012 7:00am EST
. the fiscal cliff is almost $8 trillion of spending cuts, revenue increases. which if you want to affect the debt, that's a big way of doing it. every economist says if you do that much that quickly, you are going to throw us back into a serious recession. you know what? at some point, we have to stop kicking the can down the road and actually thinking of long-term debt of this country. i'm never a big fan of senator cobern's positions but he's right. at some point we have to stop this. we need to do it quickly. >> and the fact is, we've got a huge spending problem. and so either you have to figure out a way to pay for what you say you want to do or reduce the spending and that's the piece that's not getting the attention it should right now. >> getting the attention from? >> either the media in some cases. they are talking about what we have to do on taxes. somewhere along the line we have to talk about what we have to do on spending. if you do as the president asks and that is raise taxes on the top 2%, it funds the government for 8 days. you can't get there with just that. they are sa
CNN
Dec 5, 2012 11:00am PST
, 27 days until the fiscal cliff. and i know you know that already, but guess what, folks? the deadline for congress and the white house to act, to stop the tax increase and punishing spending cuts, that deadline is coming up quicker than you may realize because did you know, congress plans to end its current session on december 21st? check your calendar as we did today. that's two weeks from friday. that means that under congressional rules any agreement, any legislation to fix this whole mess would have to be filed here by december 28th. here's the kicker. the president currently plans to leave town the day before that, on the 17th of this month. so the yearly obama trip to hawaii is set to start a week from next monday. you feel me here? see where i'm going? the window closing faster than folks think. what are our decisionmakers doing right now? among other things they are apparently sending signals through the media. republicans saying time to get moving. the president saying there is a deal to be had fairly quickly if the republicans come around to raising taxes on the wealthy. let
CNN
Dec 4, 2012 2:00am PST
. thanks. >>> the fiscal cliff debate hitting a new low. 28 days tax hikes and spending cuts will create a lot of pain for nearly every american if a deal does not get done. republicans offering up a counterproposal to the president that calls for $2.2 trillion in deficit savings over the next decade. it includes $800 billion in tax reforms. $600 billion for medicare reforms. and $600 billion in spending cuts. but it does not contain tax hikes for the wealthiest americans. so the president immediately dismissed it. and if you want to know just how far apart the two parties are, this should clear it up for you. >> i think we're going over the cliff. >> it's unfortunate that the white house has spent three weeks doing basically nothing. >> what we can't do is kind of figure out what works for them. >> the president's idea of a negotiation is roll over and do what i ask. >> it's pretty clear to me they've made a political calculation. >> their ideas are different from ours, we can't guess what they are. >> we look forward to the time when they are specific. >> they need to be more specific.
CBS
Dec 6, 2012 6:30pm EST
cuts that have come to be known as the fiscal cliff and today republicans stood by their offer to close some tax loopholes and limit deductions and called on the for the give them a new plan that the congress could. president obama spent his day with the santana family of falls church and he says they're members of the middle class and they'll be hit hard if congress fails to extend their tax cuts. meantime virginia could be hit hard if those spending cuts end up taking place especially in places like fairfax county where federal contracting is king. >> if you go make the kind of cuts that some are suggesting happen, then you're really hurting a lot of the small buss
FOX
Dec 6, 2012 7:00am PST
any more agreements with the u.s. until those prisoners are transferred. >>> well, the fiscal cliff is looming unless congress takes action to avoid it. coming up at 7:15, the number of california defense department jobs that could be lost if automatic trick -- automatic tax cuts are formed. >>> bill clinton says he's not sure if hillary clinton will run for president. she said she does not want to continue a secretary of state for president obama's second term. she said she wants to focus on issues to -- that are important to women. >>> let's see what tara is seeing on 880. >> we have a lot of traffic on pinole and then past the golden gate gate. we're in berkeley/emeryville. we have a traffic issue in here. 280, northbound towards santa clara, looking pretty bad. give yourself extra time. let's check in with steve. >>> tara, thank you. there's definitely some breaks in the clouds. jive seen gusts to 25 miles per hour. i dent think this -- i've seen gusts to 25 miles per hour. i don't think this -- this breeze can helpster things up a little bit. still some low clouds around. i'm s
NBC
Dec 6, 2012 7:00am EST
of how we fix our national deficit. as you well know, we face the fiscal cliff, a series of tax hikes and spending cuts that many people think if they go into effect will put the country into recession. yet we heard the treasury secretary tim geithner say the president is willing to see the country go off the fiscal cliff if republicans do not accede to his demands. >> it's probably pretty real. but you can't get to where we need to go by cutting spending, that won't cut it. you're going to destroy a fragile economy. you can't get there by taxing your way into it and you can't grow your way out of this. you have to have a blend. when you have leaders of parties and people from the administration saying i think it will be to the advantage of the democrats to go off the cliff or i think it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. this is big-time stuff. >> let me ask you about a report that some republicans now are perhaps willing to see the tax rates rise to some
FOX News
Dec 6, 2012 3:00am PST
to avoid the so-called fiscal cliff at the end of this month. a series of tax cuts and spending cuts set to kick in just 26 shopping days until the fiscal cliff. >> brian: less working days. >> steve: that's right. house republicans say there will be no deal if tax ritz go up and the obama administration says it's ready to go thelma and louise style over the cliff on january 1. if that's the case, wendell goler live at the white house with what we know is going on behind the scenes. anything happening? >> steve, the president and house speaker john boehner talked on the phone yesterday, but they agreed not to characterize their conversation. so it's unclear how much progress they made. from the outside, it does seem they've moved a bit closer with boehner now agreeing to raise tax collection from the wealthy, though not by raising tax rates. >> we've got to cut spending and i believe to put revenues on the table. the revenues we're putting on the table will come from, guess who, the rich! there are ways to limit deductions, close loopholes, and have the same people pay more of their mone
CBS
Dec 6, 2012 7:00am EST
. >>> with the government's fiscal cliff looming social security employees protest budget cuts in baltimore city yesterday. they're urging lawmakers to come to an agreement that does not include cuts in social security jobs and services. >>> and stay with wjz 13, maryland's news station. up next a pair of new problems for boeing 787 jet liner. plus tandem base jumpin >>> welcome back to cbs "this morning." boeing's new 787 dream liner is often called the airplane of the future. at mark strassmann reports, the ride continues to be a little bumpy. >> reporter: when the united airlines became the first carrier to add the boeing 787 to its fleet last month it looked like clear skies ahead for the next generation aircraft. this week a pair of setbacks as one plane was forced to make an emergency landing in new orleans and the federal aviation administration issued an order all 787s be inspected for fuel leaks. >> every 787 mp manufactured will have problems in its initial production. >> reporter: united says the emergency landing in new orleans tuesday was caused by the failure of one of si
CNN
Dec 6, 2012 4:00am PST
, spending cuts. that's what the fiscal cliff is all about. it would all start with the start of the new year. i want to get to senator jeff merkley. he's a democrat from the state of oregon. he's on both the budget committee and the banking, housing, and urban affairs committee. nice to have you with us, sir. thanks for joining us. >> you're welcome. >> thank you. before we get to fiscal cliff, let's talk a little bit about syria. there are now reports that they may be loading the components that would make up sarin gas. and i'm curious to know and i think a lot of people are watching this, does this mean that we are headed, the united states is headed into military action considering what we know about the red line, if you will, that hillary clinton laid out pretty clearly? >> it was very important for her to draw a very clear line. because any use of chemical weapons has to be responded to internationally. i'm sure the secretary of state is immersed with russia right now, is in negotiations with russia for a united front against this absolutely unacceptable possibility. >> okay. so she's l
KRON
Dec 4, 2012 5:00pm PST
's mind right now. with about four weeks to go before that fiscal cliff of tax hikes and spending cuts gets triggered, negotiations still appeared at a standstill on tuesday. karin caifa tells us where everything stands. >> in the midst of a standoff with capitol hill republicans, president obama told bloomberg news that the latest plan put forth by house speaker john boehner, simply doesn't add up. the >> speaker's proposal right now is still out of balance. he talks about, for example, eight hundred billion dollars worth of revenues but he says he will do that by lowering rates. when you look at the math, it does does not work. >> not work. as negotiations as negotiations to avoid the so-called "fiscal cliff" continue, republicans were equally dismissive of the last proposal from the president. >> his proposal was so outlandish i don't think we should go back to the table until he puts something there that we can work with. >> the key sticking point between the two sides hasn't changed -- tax rates for the wealthy. >> the math is clear. the only way to accomplish these things
CNN
Dec 4, 2012 4:00am PST
to zoraida sambolin for an update on the day's top stories. >> soledad, the fiscal cliff debacle, with 28 days remaining before drastic tax hikes and spending cuts take effect, a republican spending plan has been rejected by the white house. brianna keilar is live from washington. what now, brianna? >> well, right now it's about the pressure building and the clock kicking, zoraida. as house republicans in the white house try to ultimately broker a deal between two very different plans. house speaker john boehner's counteroffer, if you take a look at the headlines from this $800 billion in what would be savings from tax reform. so that is new tax revenue. but not done by increasing income tax rate on the wealthiest. but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medicare, and doing some cuts there under this plan. but compare it to the white house plan, very different than what's on the table there. $1.6 trillion in new taxes. that is two times the amount in the boehner pl
ABC
Dec 4, 2012 4:00am PST
not agree to some higher tax rates for the wealthy, the nation will go over the fiscal cliff, and the american people will hold them responsible. democrats also take issue with the proposal's spending cuts to medicare and social security. republican counter that tough cuts are needed to tackle the soaring debt, leaving washington locked in a stalemate, less than a month before every american sees their taxes shoot up. the gridlock has irritated people outside washington, like deborah page of arlington, texas. >> if i was working the way the president and congress was working, i would probably lose my job. >> reporter: page started a petition that would cease paychecks and health benefits for all members of congress and president obama if they can't avoid the fiscal cliff. the petition's chances are slim. but it's a reflection of americans' frustration with 28 days left. rob and paula? >> tahman bradley live in washington today. thank you, tahman. >>> and as talks over the fiscal cliff drag on, a new poll finds that most americans do not think very highly of congress. one in t
CBS
Dec 4, 2012 4:00am PST
are headed here to washington today to tell president obama their thoughts on the fiscal cliff. the bipartisan group says both sides need to work together to avoid the tax increases and spending cuts due to kick in at the end of the year. >> no one's going to get what they want, but as a country to move forward, we've got to figure out who gives where, and if everything is going to be out on the table, how do we negotiate that? >> reporter: republicans have given a counterproposal to the president's plan which he issued last week. they say their plan would cut $2.2 trillion from the federal deficit over ten years. with $600 billion in health care cuts, $300 billion in cuts to mandatory spending and another $300 billion in cuts to other federal spending. the biggest difference between the republican plan and the president's remains taxes and how the government can generate more revenue to pay down the debt. >> rates have to rise on the top 2%. there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich, bringing in $1.6 trillion. republ
CNN
Dec 3, 2012 5:00pm PST
parts of the proposals to avert that fiscal cliff will really have. tonight we tackle the much-discussed concept of increasing tax rates for the top 2%. chief business correspondent ali velshi joins me now. help us cut through the spin. the partisans all have a different take on this. if you raise taxes on the top 2%, what's the impact? what does it look like and how much of an impact would it have on the deficit? >> well, let's look at it in two ways. one is income tax, right? right now, the highest earners, those households that earn more than a quarter million dollars a year, pay a higher tax rate on the marginal amount, the amount above the $250,000 a year. so we're talking about taking that rate from 36% to 39.6% if we even go there. that hasn't even been negotiated yet but that's 3.6% on every dollar you earn above $250,000. there are not a lot of studies that suggest that that would have catastrophic effects on the economy. the other area that democrats want to raise taxes are on investment income, things like capital gains, dividend income. now, those will jump signific
CBS
Dec 3, 2012 5:30pm PST
on the basic approach to solve the fiscal cliff. in a letter to the president, house republicans called their offer a fair middle ground. it's a ten-year framework that cuts the deficit by $2.2 trillion. it includes $600 billion in health care cuts-- mostly medicare and medicaid-- $300 billion in other mandatory spending and $300 billion in cuts to all other federal spending. by contrast, the president has proposed around $600 billion in cuts to all entitlements, including medicare and he'd reduce other federal spending by $100 billion a year. the president has also proposed spending $50 billion in new stimulus and republicans have refused to consider it. the biggest difference by far is in how to raise new revenues. republicans would raise $800 billion by reducing tax loopholes, not with a tax rate increase. the president would double new revenues to $1.6 trillion, with most of that coming from higher taxes on households making more than $250,000. the president and his negotiators have told republicans there won't be a fiscal cliff deal without that tax increase. the white house today
CNN
Dec 6, 2012 2:00am PST
in the fight over the fiscal cliff. a deal has to be hammered out in 26 days or all of us will be dealing with heavy-handed tax hikes and sweeping cuts. the two sides are keeping details of the discussion yesterday under wraps. thil standing their ground on tax hikes for the top 2%. >> the revenues we're putting on the table are going to come from, guess who, the rich. >> once republicans acknowledge that rates are going up for top earners, we believe that an agreement is very achievable. >> kate baldwin is live from washington, d.c. really nice to see you, kate. i know i went into this saying that we're light on details. i'm wondering if you know anything else, are we closer to an agreement. >> i think we're a long way from a deal. although it's one issue they're fighting about. politically they are still very far apart. the two men as you mentioned, the president and speaker boehner did speak for the first time yesterday, the first time in a week which i guess at this point in and of itself is significant because there isn't much talking going on outside of that. but neither side is off
CNN
Nov 30, 2012 4:00am PST
his case for his version of resolving the fiscal cliff. what does he intend to say and how does he intend to sell it? >> he's going to pennsylvania, a toymaker to try to drive home this idea of pushing for cuts for the middle class. there's already a senate tax bill that would preserve the tax cuts for the middle-class, something that he believes everyone agrees on. certainly republicans agree that taxes on middle-class shouldn't go up either. they just don't want to see them go up on anyone. he's visiting a toymaker that he says relies on middle-class families, who could be hit hard by a tax break. i suspect we'll hear a lot of the same language we've been hearing from him on the campaign trail. >> all right athena, thank you so much. going to a toy factory, the fiscal cliff debate, could steal christmas pretty obvious there. >>> the white house releasing this photo of mitt romney and president obama shaking hands during yesterday's private lunch meeting. >> so there was a photo after all. >> released and taken by the white house. the former rivals promised to stay in touch after
ABC
Dec 6, 2012 7:00am PST
, we know you'll be on it. >>> we're going to turn to the latest on the fiscal cliff. just 26 days before everyone's taxes go up and programs get cut. jon karl is following it all. a small breakthrough yesterday, president obama and house speaker john boehner got on the phone. >> reporter: that may not sound like much, george. but it's the first time the two men have spoken in a week. and what may be the most significant sign of progress, neither side talked about what was said on the call, an indication they may be serious about negotiating in private. >> we're starting to see some republicans concede that tax rates on the wealthy, at least, are going to have to go up. the president has another rock-hard bottom line. that's an increase in the u.s. debt limit, as well. >> reporter: that's right. republicans even top republicans, say the tax rates are going to almost certainly go up. but on this question of the debt ceiling, the government reaches the limit of how much money it can borrow in february. republicans say they will exact a price for that. they want spending cuts, if they
CBS
Dec 4, 2012 7:00am PST
%. >> folks worried about the fiscal cliff, are you like me? are you worried about it and have no idea what it is? >> according to state tv iran's revolutionary guard captured a u.s. drone after it entered the iriranian air space over the persian gulf. >> but u.s. navy official says there are no missing drones. >> prince william and his wife katherine, expecting their first child. >> after the duchess was admitted to hospital. >> that child could grow up to be one of the most powerful unemployed people in the world. >> a search is under way in new york for a man accused of pushing another man to his death in the subway. >>> rg3, he made opportunities. >> 17-16 washington redskins. >> all that -- >> why don't you shut up? >> you are an embarrassment. >> please shut up. just shut up. >> you shut up. >> that got annoying at the end. >>> and all that matters. >> let the speculation begin. will and katherine are expecting a baby. but what happens if they have twins? >> the top baby names of 2012 were just announced and sophia is the top name for girls and aiden is the t
FOX News
Dec 4, 2012 3:00am PST
, kelley >> chris: from the photocopy cliff to the fiscal cliff. >> one thing for sure you guys work together and averted the crisis of losing the phone and able to get it by cuts cutting it. you got a balanced approach. >> gretchen: kelley, that is brilliant. >> because the republicans have given a bold counter offer. come to me now, guys, we are okay. in a letter to president obama, the president writes that the american people expect the leaders to find common ground . with that they proposed a bold counter offer for averting the fiscal cliff. the republican plan seeks $800 billion through tax reform and mandatory spending cuts. the white house said that the republican proposal falls short of what the president wants and cannot be taken seriously. >> we understand they don't agree with everything but we have not seen alternatives for them and they spoke about the need for revenue and that acknowledgment is welcome. but thus far republicann leaders are adament don't believe rates should go up on the top two percent of the american people. the american people disagree. rates have to
CNN
Dec 3, 2012 8:00pm PST
. >>> deal or no deal. we're on the edge of our seats. washington, the fiscal cliff suspense is killing us. 29 days in counting until our taxes go up and across the board spending cuts. we still don't know any of the details. instead we're getting lots of mixed messages as to what exactly is going to happen, where things stand. >> there has been progress. >> right now i would say we're nowhere. >> i'm increasingly pessimistic. >> so tonight, two men who have lots of experience dealing with lawmakers. paul begala, david frum, former adviser to president george w. bush. gentlemen, nice to have you both. david, let's start with you. depending on who you listen to, it's either going great or not going well at all. they're either optimistic or completely pessimistic. which is it? >> i feel about this whole process as a basketball nonfan, i feel about basketball, which is start it 100-100 and play for five minutes to get it over with. but i think we also need to take a step back and realize just how lunatic this whole process is. what the united states does not need right now is either spending
FOX News
Dec 3, 2012 8:00am PST
parties taking to the airwaves this weekend, trying to blame each other over the fiscal cliff talk. this is all happening less than a month until accommodation of spending cuts and tax hikes kicks in. right now, it seems like both sides are moving further apart from the deal. here is house speaker john boehner and treasury secretary timothy geithner. >> we are flabbergasted. we have seven weeks between election day in the end of the year. three of those weeks have been wasted. >> we are not going to extend an extension of the tax rates. we think they need to go back to those levels. if you don't do that, you have to ask yourself, whose taxes are we going to raise? were we going to find the money bring a balanced plan in place? jenna: senator lindsey graham, a republican known for reaching across the aisle, not looking at this with a great deal of optimism. >> i think we're going over the fiscal cliff. it's pretty clear that they have made this happen. they are not saving social security and medicare and medicaid from imminent bankruptcy. jenna: james is live in washington with more
CBS
Dec 6, 2012 6:00am PST
of this "fiscal cliff" drama, they spoke yesterday raising hopes that formal talks will resume on how to to avoid across-the-board spending cuts and tax increases. we have been saying this for weeks. they will kick in if a budget agreement is not reached by year's end. >>> a number of state lawmakers had their cars fixed and you paid for it. lawmakers lost the perk of a free car about a year ago at least 37 of them deciding to buy the cars. that was an option. they have been using them when the state sold them. first they had all the cars repaired and maintained at state expense. $78,000 worth of work. >> as a taxpayer, you know, it's my money going to it so it's frustrating. >> doesn't sound fair. we work really hard for our money. >> we do. but a source in the legislature says the work was worth it. the state got more money when it sold the cars that were not bought by the lawmakers but had the repairs done. they got more money for those cars. so i guess it evens out. >>> same-sex marriage is now legal in the state of washington. dozens of gay and lesbians got in line to pick up marriage licens
CBS
Dec 4, 2012 6:00am PST
will host a group of governors today to talk about the upcoming "fiscal cliff." this is after they rejected a count proposal from congressional republicans. that plan promises to trim $2.2 trillion over 10 years and includes $900 billion in entitlement cuts, two-thirds of that from healthcare. it also offers $800 billion in new tax revenues but only if the money comes from tax reform and not from raising rates on the wealthy. and that's where the stalemate is stuck. >>> rates have to rise and republicans need to acknowledge that. that's the only way to get from here to there. >> the white house says the plans fails the balance test. tax hikes and spending cuts will automatically kick in on 1/1. >>> in your world, fighting has escalated in damascus. this comes after president obama issued a warning to president assad and his government not to use any chemical weapons. secretary of state hillary clinton says if assad goes down that road, there will be consequences. >> suffice to say we are certainly planning to take action if that eventuality were to occur. >> this week nato foreign minister
CBS
Dec 5, 2012 6:00pm EST
marylanders will be affected if we allow the fiscal cliff to happen. >> reporter: while they hash it out on the hill, they are urging to work together to avoid automatic increases and spending cults set for the -- cuts set for the end of the year. >> a group demonstrating made their feelings known, urging a resolution that does not include cuts in social security jobs and services. >> we're concerned about the cuts to social security. and we would like to see things change. and we don't want to see our public hurt in any way. we want to serve the public every day. >> you don't take money out of people's hands when you're trying to promote jobs. >> this is not a crime to cut back. >> reporter: for maryland issue there's more than social security cuts at stake. overall, maryland has 3,000 direct jobs and another 230,000 contracting jobs supported by the federal government. >> reporter: maryland has the fourth highest number of government-related jobs in the country. i'm pat warren reporting. now back to you on t hill. >> employees at more than 100 soci
CBS
Dec 3, 2012 6:00pm PST
answered "fiscal cliff" questions on twitter monday. one twitter follower asked, why won't keeping tax rates low across the board encourage more hires and tax revenue? the president replied high-end tax cuts would cost almost $1 trillion while extending middle class cuts will produce growth. if there is no compromise all tax go up and spending will be slashed including cuts to the defense budget. defense contractors gathered in washington monday to discuss the consequences. david language staff is ceo of task a company that develops aviation systems and software for intelligence agencies. >> but i think it's very bad for national security because companies cannot plan. >> republicans sent the president a counterproposal monday afternoon. it includes more than $2 trillion in budget savings and extends tax cuts for all americans. >> us this far republicans have been adamant that rates shouldn't go up on the top 2% wealthiest americans. well, the american people overwhelmingly disagree. >> in addition to using social media the president has been use meetings. tuesday he welcomes governors
CBS
Dec 4, 2012 5:00am PST
of governors today to talk about the "fiscal cliff" after he rejected a counterproposal from congressional republicans. that plan promised to trim $2.2 trillion over the next 10 years and cuts from entitlements and billions in new tax revenues only from tax reform. and not in raising rates on the wealthy. and that's the sticking point. >> rates have to rise and the republicans need to acknowledge that, that that's the only way to get from here to there. >> in a statement, the white house says the plan fails the balance test. if the two side can't reach a deal by 12/31, hikes and cuts will kick in. >>> frustrated with facebook privacy settings? how you can make your voice heard this week. >> have you gotten your flu shot? why this season may be the worst in nearly a decade. >> a royal baby on the way. why the kind of morning sickness kate has is fueling speculation about twins. ,,,,,,,,,,,, secondhand smoke affects everyone's health. it's not just irritating. it can cause heart disease and even death. speak up about secondhand smoke. your health and the health of your family depend on it. d
MSNBC
Dec 3, 2012 8:00am PST
and that's the pathway to yes. and if the democrats decide okay we can afford the fiscal cliff, they are going to have it wrapped around them. it's not going the republicans blamed for this, it's the democrats because for the next three weeks they will say we can afford to go off the fiscal cliff. >> when we talk about that let's show what grover norquist had to say. he's the anti-tax pledge crusader. this is what he had to say yesterday. >> tea party two will dwarf tea party one if obama pushes us off the cliff. >> that's like say anaconda two will dwarf anaconda one. the sequel will be more intense. a poll find out last week that they found a majority of americans will blame the republicans in congress not the president for failure to make the deal. as we hear what grover says you see at any time other way. you say it will be the democrats. >> it could be. depending on what happens. if they keep posturing we can go off the fiscal cliff it won't be such a big deal i don't think that's where most democrats will end up. you they are president and a lot of people down in washingt
CBS
Dec 5, 2012 5:00am PST
have less than four weeks to avoid the dreaded "fiscal cliff" we have all heard about. if democrats and republicans don't reach a budget agreement by year's end, across-the-board tax hikes and budget cuts will kick in automatically. house speaker john boehnered off a republican proposal this week but president obama and other democrats have dismissed it because it includes no tax increase for the wealthiest of americans. >> 60% of americans pay slightly more. >> there's only one person out of 307 million americans who can sign something in law, the president. >> boehner is set to meet with small business owners while the president speaks at a conference of corporate ceos. >>> bob dole made an appearance on capitol hill yesterday in a wheelchair frail but still flexing his political might. he could not convince enough republicans to support a disabled rights treaty. the united nations treaty would ban discrimination against people with disabilities. it fell five votes short of getting the needed two-thirds approval in the senate. >>> the world's oldest woman has died at the age of 11
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